CA
Monterey
SALINAS
93905
75 N Hebbron Avenue
75 N Hebbron Avenue, SALINAS, CA 93905
Share Listing
Listing Type
Multi Family
Listing Status
active
22
$4,395,000

Home Details for 75 N Hebbron Avenue

Price
$4,395,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
14328
Year built
1979
Lot size acres
0.46
County
Monterey
Garage
Days on site
32
MLS Listing#
ML82012531
Listed By: Redwood Property Company - 831-224-6903
Listed By: Alex Budka
Property Description

This multifamily offering presents investors with a rare opportunity to acquire a well-located asset in the Salinas market characterized by exceptionally tight housing supply and robust long-term fundamentals. With current rents approximately 24.5% below market, the property offers significant upside potential through rent repositioning, management efficiency, or light value-add improvements. The property has received lots of upgrades in the past 4 years: 3 units have undergone major renovations, with 10 other units receiving varying levels of upgrades such as new kitchens, new tub and surround replacements (including plumbing), new kitchens with shaker cabinets, quartz countertops, etc. All electrical subpanels (18) and main electrical panels (3) have been replaced. The majority of roofing was replaced, plus new facia, gutters and downspouts. Siding replacement was done on the end unit kick-outs. The exterior received a full paint job. Most water heaters have been replaced in the last four years. Loan assumable at 3.58% interest rate with 3 years remaining. Current cap rate of 5.47% with pro forma cap rate of 8.73%!

Property Features
  • Parking
    • Off Street
    • Assigned
  • Cooling Information
    • None
  • Heating Information
    • Wall Furnace
  • Water Features
    • Public
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-10-03 04:35:38
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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